331 S Grant Street, Bloomington, IN 47401

• 4 beds |
• 6 baths |
• 3,961 sqft

Property Description

Located in an Opportunity Zone with potential for significant tax advantages, this 6-unit apartment building offers exceptional investment potential in an A+ location just steps from Bloomington’s thriving downtown and Indiana University. Zoned High Density Multi-Family, the property presents exciting redevelopment possibilities, with current occupancy allowances of up to 5 people per unit creating the potential for a very dense future project (buyer to verify redevelopment options). The property also performs well in its current configuration, with solid rental history and total monthly rents of $4,650. A spacious 2-car garage provides additional storage or potential added utility. Whether you’re looking for an income-producing asset now or a prime redevelopment opportunity for the future, this is a rare chance to invest in one of Bloomington’s most desirable locations. Property is being sold "AS IS".

Listing Status:

Active

Date Added:

May 13, 2026

Data Last Updated:

May 22, 2026 at 5:57AM

Listing Office:

RE/MAX Acclaimed Properties : 812-332-3001

Listing Agent:

Andy Walker : 812-325-1290

MLS ID:

202618079

Interior

• Basement: Partial Basement
• Flooring: CarpetLaminateMixed
• A/C: Central AirMultiple Cooling UnitsWindow
• Heating: Forced AirGas

Exterior

• General: AluminumVinyl
• Style: Two Story
• Other Structures: Outbuilding
• Parking: Parking spaces: 6

Location

• School District: Monroe County Community School Corp.

Lot

• Zoning: Orchard's Pt Lot 1553-08-04-203-029.000-009